The central bank: strengthen the adjustment of credit structure to prevent and control the credit risk

   The people's Bank of China Shanghai headquarters, all branches, business management departments, the provincial capital (capital) City Center branch, deputy provincial city center branch; the banking regulatory bureaus of all provinces, autonomous regions, municipalities directly under the central government; policy banks, state-owned commercial banks, joint-stock commercial banks, postal savings bank China:
   In order to thoroughly implement the Party Central Committee, the State Council on further expanding domestic demand, promoting economic growth of ten measures and the "Office of the State Council opinions on the current financial and economic development" (Guo Ban Fa (2008) No. 126) spirit, earnestly implement the moderately loose monetary policy, while keeping the total monetary credit reasonable growth last, to further strengthen the adjustment of credit structure, promoting the steady development of national economy, we hereby put forward the following opinions:
One, to ensure the projects invested by the central government in accordance with the terms of the loan supporting needed to put in place in time
    All financial institutions while maintaining the total credit reasonable growth, to further optimize the credit structure, and the allocation of credit resources, give priority to ensuring the projects invested by the central government, in accordance with procedures to complete project starts and construction conditions of the required supporting credit funds timely put in position. The central investment program has been launched, under construction in the project, to ensure that the necessary matching funds of credit arrangements and full and timely disbursement; the central new investment, is being submitted for approval or need to continue to improve the new construction conditions of the project, to be strengthened with the relevant government departments and project units in close communication and consultation, high efficiency, solid good credit review and credit funds of the preparatory work. Banking financial institutions are encouraged to syndicated loan, credit risk diversification, to provide effective credit support for large-scale central government investment projects in line with the conditions of the. Encourage local governments to increase local fiscal interest discount, the perfect credit reward and subsidy system, the establishment of the investment and financing platform compliance government and other methods, to attract and encourage the banking financial institutions to increase credit support for projects invested by the central government. Support conditional form of local government financing platform, the issuance of enterprise bonds, medium-term notes and other financing instruments, expand the central government investment project matching funds financing channels. The revitalization of the planning of iron and steel, automobile, light industry, textile, equipment manufacturing, electronic information, ship, non-ferrous metals, petrochemical, logistics and other national key industrial restructuring has clearly support special projects and technological transformation projects in line with the conditions, financial institutions shall, according to the industry planning requirements and characteristics of the project demand, innovative financing products and the service mode, to increase the necessary financing support, be sure to make the necessary financial support and services.
Two, further more agriculture related credit, leading more funds to rural areas
    All financial institutions shall actively support the reform and development of rural areas, further research and take effective measures, increase the launch dynamics in accordance with the principle of credit related credit funds, increase the effective supply of rural credit. Establish and improve the performance evaluation system and incentive mechanism, branch encourages financial institutions to the corporate and financial institutions in a certain proportion of the loanable funds in the local use. Further improve the current agricultural land preparation for spring, spring drought management and severe drought area of drinking water for people and livestock, forest fire prevention and control of avian influenza and other major epidemic financing support and services. The required to meet the credit conditions of spring land preparation and development of agricultural production of agricultural machinery and tools, seeds, fertilizer, pesticide, agricultural film and other agricultural means of production and business loans, to speed up the approval, timely delivery. Vigorously develop new-type rural financial institutions and rural microfinance, rural microfinance effectively expand coverage, improve efficiency in the use of funds. To accelerate the innovation of rural financial products and services, the central six provinces and three northeastern provinces should conscientiously do a good job of the pilot scheme implementation. Steadily promoting the establishment and development of the financing guarantee system in rural areas, improve the rural credit risk sharing mechanism, expand the scope of an effective security. Vigorously develop with the actual characteristics of rural areas "credit + insurance" new financial services products. Support more policy financial support for the long-term credit to agriculture development and farmland irrigation in rural infrastructure construction. Conditional place can explore open land mortgage. To further improve the rural poverty alleviation subsidized credit management mechanism. The positive development of forest right mortgage loan. Expand the collection of bonds issued and agricultural credit asset backed securities enterprise short-term financing bills, small enterprises financing instruments in the inter bank bond market, expand the agriculture related financial institutions funding sources and agriculture related enterprises financing channels. Strive to do a good job in the "home appliances to the countryside", "car to the countryside", "the village of a thousand million rural market", "double hundred market", farm machinery purchase subsidy and rural informatization construction supporting financial services, to provide financing convenience for farmers to expand consumption. Credit cooperation to promote financial institutions and the specialized cooperative organizations of farmers and other rural intermediary organizations. On the current agriculture related loans above a certain proportion of the deposits of the financial institutions, increase the refinancing, rediscount support, and the implementation of preferential deposit reserve rate.
Three, many aspects to broaden the financing channels for small and medium enterprises, financial services to small and medium enterprises to fine
    All financial institutions to support the development of small and medium-sized enterprises have already introduced measures the credit policy, to grasp the fine, realistically, pay attention to implementation, and actively explore the establishment, perfect small and medium-sized enterprise financing the quantification appraisal system. To further improve the six mechanisms to support the development of SMEs "". To expedite the establishment of small and medium enterprises credit franchise services. Encourages financial institutions to small and medium-sized enterprises for independent innovation of financial service mode and business process, improve the SME loan approval efficiency and service quality. Accelerate the construction of enterprise credit system, strengthen enterprise credit management discipline. Support qualified enterprises to use e-commerce platform to expand new markets. In support of the local government to establish the SME loan risk compensation fund, perfect the mechanism of sharing the credit risk of small and medium sized enterprises. Specification, guidance and play a positive role in the good folk financial support the development of small and medium enterprises in the. Support financial institutions issuing loans, timely to meet the reasonable M & A financing needs of small and medium sized enterprises. Support local government based on strengthening the credit environment and financial ecology construction, through the injection of capital, risk compensation and so increase the credit guarantee institutions to support, promote the establishment of multi-level SME loan guarantee funds and guarantee institutions, incentives and financial institutions to promote steady improvement in the small and medium-sized enterprise loan proportion. The banking financial institutions are encouraged to fundamentals and a good credit record, competitive, market, order but is temporarily out of business or financial difficulties of SMEs credit increased and diversified financing support, and actively explore financing products and services innovation for different regions and in different stages of development of small and medium-sized enterprises characteristics, using the letters of credit, financing, factoring, leasing and other means of financing, to further broaden the financing channels for small and medium enterprises, and provide the information consultancy finance for small and medium-sized enterprises and Valet financial services. The expansion of small and medium-sized enterprises short-term financing bonds pilot scale. In the interbank market, speed up the launch of high-yield bonds and a small collection of bonds. Credit risk management tools, active research and development to the small and medium-sized enterprise loan as underlying asset, effective dispersion of credit risk of smes. Small and medium-sized enterprises to strengthen financial statistics and information submitted to the work, explore the establishment of financial information for the dynamic monitoring system of the characteristics of small and medium-sized enterprises, timely grasp of financial service information of small and medium-sized enterprises.
Four, do a solid job in employment, education, post disaster reconstruction to improve the livelihood of the credit policy support
    Conscientiously implement the "Notice of the State Council on Employment under the current economic situation" (Guo Fa [2009] No. 4), play a positive role in microfinance loan policy, earnestly do a good job of zero employment families, people with difficulties in finding jobs, college graduates, the disabled, the return of migrant workers and other key employment population of small sum loan and financial support the work of helping. Encourage conditional place, active and innovative credit management mode and service mode, strengthening support small labor-intensive enterprises to have a comparative advantage in credit, actively promote entrepreneurship to improve employment. The development of occupation education financing support, improve the employability of migrant workers returning home. To further promote students to credit student loans, national student loan management and commercial student loan business, perfect the mechanism of sharing the risk of student loan, expand loans coverage, strengthen policy implementation monitoring and evaluation. To actively explore the establishment of student loan credit insurance system. Do fine, make the post Wenchuan earthquake recovery and reconstruction of the financial support and services. To meet the conditions of farmers disaster after disaster area housing construction, infrastructure construction and disaster area pillar industry increase the effective credit. Actively studying measures to increase to the disaster areas, rural credit cooperatives and other local financial institutions support. Explore the establishment of the reconstruction loan guarantees and credit risk sharing and compensation mechanism to support post disaster, all financial institutions to meet the conditions of the non-performing loans in accordance with the provisions of tolls shall write off the intrinsic motivation, strengthen financial institutions to support the reconstruction of disaster areas.
Five, to encourage the development of consumer credit, expand consumer credit market
    Actively research, develop and implement policies and measures to expand credit consumption, targeted to foster and consolidate consumer credit growth, focus on promoting industrial automobile, housing, household appliances, education, tourism and other closely related to people's livelihood consumer credit. Summarizing the practice experience in domestic consumer credit policy in recent years, eliminate institutional obstacles, research and exploration of pulling the market consumption, particularly effective measures and ways of stimulating rural consumption. Guide financial institutions to increase the credit product innovation, improving consumer credit business management mode. Support local pilot the establishment of Consumer Finance Companies. Encourages the strengthening of silver business cooperation, based on the risk prevention, promote the use of bank cards, improve efficiency and promote the expansion of credit card, bank card consumption. Expansion and improvement of migrant workers bank card characteristic service function, support the development in line with the characteristics of the rural market bank card products. The perfection of financial management system of the automobile, strengthen the credit management of auto dealers, expand the automobile consumption market potential. To encourage and support the various commercial banks and auto finance companies to cooperate in many aspects, support to meet the conditions of the automobile financial company to issue financial bonds, expand the auto loan securitization scale, auto finance companies to broaden financing channels. Vigorously support the development of service industry, cultural and creative industry, tourism and new consumption, and encourage the development of service outsourcing industry and modern logistics and distribution services, actively develop the potential consumer market. Increase in line with the conditions of the large-scale circulation enterprises and small and medium-sized business enterprise financing support, expand credit sales.
Six, implement the real estate credit policy, support the steady and healthy development of the real estate market
    Conscientiously implement the "Office of the State Council opinions on promoting the healthy development of the real estate market" (GuoBanFa [2008] No. 131), active support to meet the loan conditions of low rent housing, affordable housing and affordable housing construction projects. Further increase of low-cost spaces, and Taoxing ordinary commodity housing construction, especially in the construction of the project of the credit support. Good to have the strength, the credibility of the merger and reorganization of enterprises engaged in real estate development enterprises or projects relating to financing support and supporting financial services. Support for credit to the good conditions of real estate enterprises to issue corporate bonds and real estate investment trust fund pilot, to broaden the financing channels of real estate enterprises. The home-based and improve the type of housing consumer credit support, encourage ordinary commercial housing consumption. All banking financial institutions to strictly implement the real estate credit policy, efforts to improve and perfect real estate financial services, continuing to support the real estate industry stable and healthy development, and do a good job of risk prevention work. All branches of the people's Bank and all the CBRC should closely follow grasp area real estate market and the real estate credit policy implementation, timely reflect the new situation, new problems.
Seven, increase the industrial transfer and financing support, support industries and orderly transfer of surplus
    Encourage financial institutions to develop export credit business, flexibility in the use of discounted bills, bills, such as loan guarantee way, foster a number of independent intellectual property rights, brands and high value-added export products, to promote the processing trade transformation and upgrading and gradient. How to broaden the financing channels, increase support for foreign enterprises to participate in infrastructure construction, comprehensive agricultural development, agricultural products processing base and marketing network construction, the construction labor base. Support the strength of domestic enterprises to develop high-tech fields of transnational mergers and acquisitions. To adapt to the development of the domestic industrial upgrading and industrial gradient transfer request, the steady expansion of headquarters financing scope, support the merger and reorganization of enterprises. Support the development of industry of regional characteristics and advantages of industrial clusters. Actively promote trade and investment facilitation, accelerate the reform of the system of verification of import and export support, export. To further improve the export network verification and export tax rebate paperless management, improve enterprise advance payment settlement ratio and the annual amount of deferred payments of enterprises scale, simplified application proportion of settlement and temporary credit approval process, improve the efficiency of examination and approval, support domestic enterprises to increase strategic investment in an overseas. Encourage financial institutions to expand export buyer's credit. Improve the export credit insurance under the trade financing, foreign capital management, international factoring and other supporting financial services, improve and enhance the support enterprises "going out" financing and settlement services. Strengthen cross-border capital flow management, do a good job of import and export trade consignments of authenticity and consistency of the audit work. Increased trade financing for enterprises import advanced technology equipment, energy saving and environmental protection equipment, key parts and important raw material support, for the development of trade in services providing more efficient to facilitate the settlement of.
Eight, support for the coordinated development of the regional economy, promote the implementation of the development strategy of regional economy
    Measures to support the further refinement of financial services development of the western region, the revitalization of the northeast, the rise of central China and other major national regional economic development strategy of the credit policy. To guide and encourage financial institutions to increase financial support and innovation, to establish long-term stable development of the capital channel, promoting interaction between East and West, East and west industrial undertaking, achieve complementary advantages, promote the coordinated development of regional economy. Encourage local governments to strengthen regional credit environment and financial ecology construction, continuously strengthen the underdeveloped area to appeal to the credit funds. To further strengthen and improve the suitable for regional characteristics of financial services, establish and improve the mechanism of regional economic and social sustainable development, increase financial support for the old revolutionary base areas, ethnic minority areas, border areas, poor areas and ethnic minorities with less population, to do a comprehensive national key science and technology development zones, special economic zones, the Bohai Economic Zone, regional economic integration, Tianjin Binhai New Area Development and opening up the Yangtze River Delta, Chongqing urban and rural reform pilot area and other national key support areas of the financial services. The national trade activities and special needs of national products manufacturing enterprises preferential interest rate of bank loans, expanding from the state-owned commercial bank to a joint-stock commercial banks and rural credit cooperatives. Improve border trade settlement policy, guide and encourage the border area businesses use the Renminbi for trade. Conscientiously implement the area, Guangdong and the Yangtze River Delta region and Hong Kong, Guangxi and Yunnan and ASEAN trade in goods for the RMB settlement pilot work. Actively promote cross-strait development and enhance the substantive and financial cooperation.
Nine, to promote independent innovation achievements industrialization, promote the optimization and upgrading of industrial structure
    Science and technology play a supporting role to the expansion of domestic demand, encourage and guide financial institutions to support enterprises in independent innovation, with the means of all kinds of government funds, financial discount such compensation, strengthen the investment of National Engineering Research Center, key laboratory construction, high-tech industrial base, construction, high technology demonstration projects of national science and technology projects, technology achievement transformation project and other aspects of the credit, to improve the ability of independent innovation of enterprises, to promote independent innovation achievements industrialization. Encourage local governments to guide the establishment of venture capital funds, through equity participation and to provide financing guarantees and other support venture investment enterprises, promote the government guidance and market operation, the development of venture capital. Exploration on promoting intellectual property rights, the independent brand pledge loans, support the project development plan torch, spark technology. Accelerate the development of private equity funds, explore the issue of private enterprises private convertible bond, technology and financial cooperation platform in various forms, promote more capital into the venture capital market, to support the development of business incubator. To create a more relaxed financial environment for foreign exchange services, high-tech venture investment enterprises cross-border capital operation.
Ten, strengthen the credit structure of monitoring and evaluation, effectively prevent and control the credit risk
    All branches of the people's Bank and the China Banking Regulatory Commission all dispatched agencies adhere to the "distinction, maintain pressure" principle, actively encourage and guide the banking financial institutions on key projects, key industries and key areas to increase credit support at the same time, it is necessary to strengthen the credit structure monitoring analysis and assessment, dynamic information structure, rhythm and progress in the area of credit funds should be promptly grasp, know the score.To strengthen the credit structure adjustment at the same time, special attention should be paid to prevent financial institutions, loans, loan lend long and severe loan maturity mismatch systemic financial risk in the new.Do not meet the national emission requirements of the project EIA and the provisions of the national industrial policy, market access, not up to standard, to strictly limit any form of additional credit support, and strengthen the supervision and inspection according to law, to prevent low-level redundant construction. To further close cooperation, establish and improve the credit structure within the jurisdiction of regular monitoring analysis and evaluation system, improve the credit structure analysis monitoring capacity, strengthen the development of domestic and international economic situation and the prospective judgment and prediction, timely reflect the new situation, new problems, strengthen the credit policy guidance and risk warning, to obtain the effective implementation in the area of promoting the implementation of monetary and credit policy.
     The people's Bank of Shanghai headquarters, all branches, business management departments, the provincial capital (capital) City Center branch, deputy provincial city center branch jointly with the local banking regulatory bureau will promptly forward the opinion to the financial institutions within its jurisdiction, and according to their characteristics to formulate implementation opinions, strengthen the organization and coordination, make the implementation of the work. The views of the implementation, please report to the people's Bank of China and the China Banking Regulatory commission.

　　                                                        Two thousand and nine years in March 18th

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    Central bank, CBRC issued guidance to promote optimization of credit structure

    The central bank, China Banking Regulatory Commission recently issued "on the further strengthening of the structural adjustment credit to promote steady and rapid economic development guidance", put forward to ensure the project related loans in place, detailed financial services for small and medium enterprises, increase agricultural livelihood credit policy support, make the consumer credit market, implement the real estate credit policy, improve a lot of credit structure.

    To ensure the project loan in place

    "Opinion" point out, ensure that the central investment projects in line with the conditions of the loan supporting needed to put in place in time. To further optimize the structure of credit funds of financial institutions, and the allocation of credit resources, give priority to ensuring the projects invested by the central government, in accordance with procedures to complete project starts and construction conditions of the required supporting credit funds in place in time.

    "Opinions" put forward, to encourage and support the banking financial institutions through syndicated loans, credit risk diversification, to provide effective credit support for large-scale central government investment projects eligible; encourage local government by increasing local financial subsidies and other means, to attract and encourage the banking financial institutions to increase to the projects invested by the central government credit support; support conditional form of local government financing platform, the issuance of enterprise bonds, medium-term notes and other financing instruments, expand the central government investment project matching funds financing channels; revitalization planning for steel, automobile and other national key industrial restructuring has clearly support special projects and technological transformation projects in line with the conditions, to increase the necessary financing support.

    Strengthen agriculture, improve support livelihood and regional economic development credit

    "Opinions" pointed out, further more agriculture related credit, leading more funds to rural areas; do a good job in employment, education, post disaster reconstruction to improve the livelihood of the credit policy support.

    "Opinions" require all financial institutions to increase the investment to meet the credit principle of agricultural credit funds, increase the effective supply of rural credit. We should vigorously develop new-type rural financial institutions and micro finance in rural areas, expand the rural microfinance coverage; and steadily push forward the establishment and development of the financing guarantee system in rural areas; to expand the collection of bonds issued and agricultural credit asset backed securities enterprise short-term financing bills, small enterprises financing instruments in the inter bank bond market, expand the agriculture related financial institutions the sources of funds and agriculture related enterprises financing channels and other measures.

    "Opinions" also pointed out, do a good job of zero employment families, people with difficulties in finding jobs, college graduates, rural migrant workers, the disabled and other key employment population of small secured loans and providing financial support to further refine the work; measures to support the financial service development of the western region, the revitalization of the northeast, the rise in major national regional economic development strategy of the credit policy.

    How to broaden the financing channels for small and medium enterprises

    "Opinions" pointed out that, in many ways to broaden the financing channels for small and medium enterprises, financial services to small and medium enterprises to fine. All financial institutions to support the development of small and medium-sized enterprises have already introduced measures the credit policy, to grasp the fine, really, to actively explore the establishment of a sound, the financing of small and medium enterprises quantitative assessment; encourages financial institutions to small and medium-sized enterprises for independent innovation of financial service mode and business process, improve the SME loan approval efficiency and service quality; accelerate the construction of enterprise credit system, strengthen enterprise credit management discipline. In support of the local government to establish the SME loan risk compensation fund, perfect the mechanism of sharing the credit risk of small and medium-sized enterprises; specification, guidance and play a positive role in the good folk financial support the development of small and medium enterprises in the.

    "Opinions" stressed, support financial institutions issuing loans, timely to meet the reasonable M & A financing needs of small and medium-sized enterprises; promote the establishment of multi-level SME loan guarantee funds and guarantee institutions, to encourage and promote the financial institutions is steadily improve SME loans. The banking financial institutions are encouraged to fundamentals and a good credit record, competitive, market, order but is temporarily out of business or financial difficulties of SMEs credit increased and diversified financing support.

    To expand consumer credit market

    "Opinions" pointed out that, to encourage the development of consumer credit, expand consumer credit market. Actively research, develop and implement policies and measures to expand credit consumption, targeted to foster and consolidate consumer credit growth, focus on promoting industrial automobile, housing, household appliances, education, tourism and other closely related to people's livelihood consumer credit.

    To guide financial institutions to increase the credit product innovation, improving consumer credit business management mode. Support local pilot the establishment of Consumer Finance Companies. Encourages the strengthening of silver business cooperation, based on the risk prevention, promote the use of bank cards, improve efficiency and promote the expansion of credit card, bank card consumption.

    To implement the real estate credit policy

    "Opinions" pointed out that, to implement the real estate credit policy, support the steady and healthy development of the real estate market. Actively support in line with the loan conditions of low rent housing, affordable housing and affordable housing construction projects. Further increase of low-cost spaces, and Taoxing ordinary commodity housing construction, especially in the construction of the project of the credit support.

    "Opinion" point out, to have the strength, the credibility of the merger and reorganization of enterprises engaged in real estate development enterprises or projects relating to financing support and supporting financial services. Support for credit to the good conditions of real estate enterprises to issue corporate bonds and real estate investment trust fund pilot, to broaden the financing channels of real estate enterprises. The home-based and improve the type of housing consumer credit support, encourage ordinary commercial housing consumption.

    To increase the transfer of industry financing support to promote the upgrading of industrial structure

    "Opinions" pointed out, increase the industrial transfer and financing support, support industries and orderly transfer of surplus. Encourage financial institutions to develop export credit business, flexibility in the use of discounted bills, bills, such as loan guarantee way, foster a number of independent intellectual property rights, brands and high value-added export products, to promote the processing trade transformation and upgrading and gradient.

    How to broaden the financing channels, to support the strength of domestic enterprises to develop high-tech fields of cross-border mergers and acquisitions, to adapt to the development of the domestic industrial upgrading and industrial gradient transfer request, the steady expansion of headquarters financing scope, support the merger and reorganization of enterprises.

    "Opinions" also pointed out that, to promote independent innovation achievements industrialization, promote the optimization and upgrading of industrial structure. Science and technology play a supporting role to the expansion of domestic demand, encourage and guide financial institutions to support the independent innovation of enterprises; encourage local governments to guide the establishment of venture capital funds, through equity participation and provide financing guarantees and other means to support the venture capital investment enterprises; speeding up the development of private equity funds, explore the issuance of unlisted enterprises private convertible bond, technology and financial cooperation platform forms, promote more capital into the venture capital market.

    Strengthen monitoring of credit structure to prevent credit risks

    "Opinions" pointed out that the credit structure, strengthen the monitoring and evaluation, effectively prevent and control the credit risk. All branches of the people's Bank and the CBRC dispatched institutions should strengthen the credit monitoring analysis and assessment, dynamic information structure, rhythm and schedule delivery within the jurisdiction of the credit funds should be promptly grasp, know the score. To strengthen the credit structure adjustment at the same time, special attention should be paid to prevent financial institutions, loans, loan lend long and severe loan maturity mismatch systemic financial risk in the new.

    "Opinions" stressed, do not meet the national emission requirements of the project EIA and the provisions of the national industrial policy, market access, not up to standard, to strictly limit any form of additional credit support, and strengthen the supervision and inspection according to law, to prevent low-level redundant construction.